CHFJPY(MONTHLY)

16 Haz 2022

Hello, this is my analysis for CJ, currently we are in a continuation phase as the continuation phase is always the same as the impulse, as the market moves in three ways, impulse, correction, continuation. More so, price is making a higher point than he previous high. Overall this a bullish movement, although am spotting some divergence, but keep in mind divergence on higher time frames can take some time to form. But I want to see CJ break the above zone and push up to TP2 -27.00% Fib level as TP 1has already been hit. so overall I want to see CJ move up to 143.000 mark although this may take some time.

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